R1,695,000
R1,695,000
Monthly Bond Repayment R18,075.98
Calculated over 20 years at 11.5% with no deposit.
Change Assumptions
Monthly Rates
R1,350
R1,350
FANTASTIC RETURN ON INVESTMENT - ADDITIONAL PASSIVE MONTHLY INCOME OF R30 000 / R35 000 ?
Exceptional Investment Opportunity in Manors at R1,695,000
Welcome to this outstanding property in the heart of Manors!
This dead-level gem, making it an ideal choice for savvy investors seeking great returns.
Main House Features:
5 Spacious Bedrooms: Plenty of room for family or tenants.
2 Bathrooms:
2 Lounges
Easily convertible into separate rental units / 2-bedroom and 3-bedroom, which should then generate around a R18500 monthly income.
Land Size: 2144 sqm - ample space for various uses.
Additional Highlights:
A 3-Bedroom Self-Contained Cottage: Complete with its own small yard, perfect for extended family or as an additional rental unit - CURRENTLY GENERATES A R9000 MONTHLY INCOME.
Garage, Domestic Quarters and adjacent room that can be transformed into another income-generating unit.
This property is a fantastic investment opportunity, with the potential to earn between R30,000 to R35,000 per month in rental income.
With some modifications, you can maximize its earning potential and enjoy a steady stream of income.
Don’t miss out on this incredible chance to own a versatile and income-generating property in a prime location.
Contact me to schedule a viewing today!
Viewings to financially pre-approved clients
Features
Pets Allowed
Yes
Interior
Bedrooms
5
Bathrooms
2
Kitchens
1
Reception Rooms
3
Exterior
Garages
1
Carports / Parkings
2
Security
Yes
Flatlet
1
Domestic Accommodation
1
Pool
Yes
Sizes
Land Size
2,144m²
Manors, Pinetown
Pinetown
Pinetown is an industrial town just inland from Durban in KwaZulu Natal, South Africa. It was established in 1850 around the Wayside Hotel, which was built the year before along the main wagon route between Durban and Pietermaritzburg. It was named after the governor of Natal, Sir Benjamin Pine. The British built a concentration camp here during the Second Boer War to house Boer women and...
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Disclaimer: While every effort will be made to ensure that the information contained within the Dormehl Phalane Property Group website is accurate and up to date, Dormehl Phalane Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
